Need advice on how to manage plot of land in western PR

Member since 07 September 2018

bignoyd719Member07 September 2018 18:22:11

So my father is from P.R and he inherited some land there years ago but hasn't really known what to do, and how to go about doing something with this land. The land is out in the hills, in maybe not the nicest place but it's definitely lush and paradise like for someone that appreciates it.

He'd like me to help him do something with it, but I honestly don't know the first thing about real estate, and I came up in the states, so I would be lost out there in a pueblo. I'm looking for any advice from northeners that have property or have knowledge of how things work with property when you live in the states.

Any advice would be helpful.

Mrs.G719 New member

Member since 30 August 2018

Mrs.G719New member07 September 2018 20:12:24

Crimpr.net
This site, if you have the information, gives property tax information. We just bought land. Everything is done with lawyers.

Sitka Serial expat

Member since 07 October 2015

SitkaSerial expat07 September 2018 21:16:47

953

Hire a real estate attorney to make sure everything is properly registered and the deed recorded.

ReyP ViP

Member since 09 May 2015

ReyPViP08 September 2018 15:35:13

5509

Once you make sure the property is properly recorded, the net thing is to pay any taxes that may be due. the government can take it and sell it if the taxes are not up to date.

then you need to decide if you are going to sell it, farm it or build on it a retirement home.

PR is a small piece of a paradise, years from now you may want to live there.

JFSherlock Member

Member since 02 October 2018

JFSherlockMember02 October 2018 03:13:12

Do you know the town? Have you thought about setting up a rental, or a farm that’s leased out? Depending on where the land is and how much land there is you could sell it however in most areas prices aren’t always great for the seller.

I have been volunteering in Puerto Rico helping people with construction and farming. I have different friends that are interested in different things as far as building rentals, owning land, managing vacation property’s ...

The more you know about the actual property the better of a decisions you can make as to how to manage it. I am not sure of your goals or what you’re looking to get from this property. If you care to discuss some options I can help with what I know or point you in the direction of someone who does.

annabfalter Contributor

Member since 26 January 2017

annabfalterContributor03 October 2018 18:48:28

124

You will need a real estate attorney. If you don't have one, I know an excellent attorney in the southwest who helped us with our purchase. I f you want her info, please private message me.